Sony is still smarting in the wake of the massive security breach which crippled Sony's PlayStation Network and Qriosity services for nearly a month. The electronics giant faces multiple lawsuits over how it handled the crisis and its lack of preparation for anything like it. Sony continues to face criticism over how long it took to make an official statement to its customers.
CEO Sir Howard Stringer himself is also taking the heat, being the corporate figurehead of the whole company and all.
It's come to light that at a recent annual shareholder meeting attended by no less than 8.360 shareholders (the company's largest showing yet), a shareholder even asked Stringer if he was prepared to step down from his position of Sony leadership in the aftermath of the PSN breach that saw the personal data tied to millions of user accounts compromised, not to mention the company's falling stock value.
While Stringer admitted the question was "reasonable" given all that has happened over the past few months, he made do with an apology. Stringer also addressed the crowd over what he felt was the nature of the cyber attacks, when pressed over what exactly made Sony such a juicy target in the first place:
"We believe that we first became the subject of attack because we tried to protect our IP [intellectual property], our content, in this case videogames. These are our corporate assets, and there are those that don't want us to protect them. They want everything to be free."
On the other hand, Sony has been pretty generous with free goodies themselves, as a way to make it up to their customers over the inconvenience they faced during the PSN downtime (to say the least). It looks like Welcoming Back their faithful paid off. Stringer confirmed that 90 percent of existing PSN users have since logged on to the network service since it went back online mid-May, suggesting that consumer confidence in the company's PlayStation brand is being restored.